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Asia:Oil extends gains on weak dollar

World oil prices extended gains in Asian trade Thursday mainly on a falling dollar that offset reports of higher US crude stockpiles. Light sweet crud for November delivery was seen trading at $83.47 a barrel at 12.00 noon Singapore time while Brent crude for November delivery ...

China: Sinopec Ji'nan Refinery sets Oct crude throughput target stable at 390,000mt

p>Sinopec Ji'nan Refinery is scheduled to process 390,000mt of crude oil in October, flat with the previous month, according to a refinery source. Ji'nan Refinery, located in Ji'nan City of Shandong Province, has a topping capacity of 6.4-mil mt per year, but it has a 1.4-mil-mt...

Americas: Hunstman Continuing To Ramp Up

Huntsman Corporation (NYSE: HUN) is expecting 3Q earnings to be reported similarly to the solid results from 2Q2010, according to Goldman Sachs. Surprisingly, however, Huntsman's largest segment, polyurethanes, has been disappointing despite earnings this year that have continued ...

China: Sinopec Dongxing Refinery to keep crude throughput stable at 13,000mt/d in Oct

p>Sinopec Dongxing Refinery plans to refine 400,000mt of crude oil in October, with daily throughout steady at 13,000mt compared to the previous month, according to a refinery source. Dongxing Refinery, located in Zhanjiang City of South China's Guangdong Province, owns an annual ...

Americas: PolyOne Features Non-Halogenated, Flame-Retardant Solutions for Fiber Optics at Wire

This week at Wire China 2010, PolyOne is highlighting an exceptional portfolio of innovative wire and cable solutions for optical fibers. The product family includes several grades of ECCOH and ECCOH PF low smoke and fume, zero halogen (LSFOH) compounds as well as OnColor and ...

Americas: Petroquim expected to restart PP random production in 2011

p>Chilean polypropylene producer Petroquim reported they should restart random grade production next year. "At the moment we are producing what is most necessary such as homos and co-polymer to attend the domestic market, and we decided to restart the random grade maybe at the ...

Asia: Japan's Denka plans Singapore GPPS plant turnaround end 2012

p>Japan's Denki Kagaku Kogyo, or Denka, is planning to shut its 200,000 mt/year general purpose polystyrene plant in Singapore in November or December of 2012 for scheduled maintenance, a company source said Tuesday. The turnaround is expected to last 30 days, the source added. ...

Middle East: Fuel production at Iranian petchem plant drops on technical hitch

p>Gasoline and diesel production at Iran's Borzouyeh petrochemical plant has fallen to a minimum because of a technical hitch, the semi-official Mehr news agency reported Tuesday. After 40 days of production of the two fuels, output at the Borzouyeh plant has fallen to a minimum ...

PetroChina ties with Hess to develop shale oil

China s largest oil producer, PetroChina has tied with Hess, an US oil company, to develop shale oil resources at its Daqing Oilfield. PetroChina is trying to expand its output at Daqing Oilfield after its production decline in 2009. Daqing Oilfield, which is considered as China...

Asia: Coking coal Q4 contract price still acting as a floor for spot

p>October to December contract settlements for hard coking coal are providing support for spot prices despite low liquidity in the market recently. Platts spot HCC assessments rose slightly Tuesday, with the 64% CSR mid vol price gaining $1 to $197/mt FOB Australia. In the ...

Asia: Rosneft to discuss gas supplies to China with Gazprom: report

p>Russia's largest oil producer, Rosneft, is to discuss with the country's gas monopoly Gazprom the possibility of supplying gas to China, Rosneft President Eduard Khudaynatov was quoted as saying Wednesday. "Rosneft could supply gas to China and we would like to study the ...

Oil dips on renewed economic worries

Global oil prices edged lower in Asian trade Tuesday mainly after economic concerns resurfaced due to Euro zone banking worries. Light sweet crude for November delivery was seen trading at $76.25 a barrel at 12.00 noon Singapore time while Brent crude was at $78.25 a barrel in ...

Americas: US Senate bill would expand parties liable in oil-spill lawsuits

p>US Senator and Rhode Island Democrat Sheldon Whitehouse introduced legislation Tuesday that would make all companies involved in an oil spill vulnerable to lawsuits filed by victims. The proposal follows on the heels of the Deepwater Horizon rig disaster, which poured millions ...

Americas: Nearly half of energy firms unprepared for Dodd-Frank: study

p>Less than half of the senior executives and compliance personnel at energy firms have the systems in place to comply with new reporting requirements mandated by the new financial regulatory reform law, according to a study released Tuesday. In addition, roughly 70% feel that ...

Europe: EC makes Italy's Eni plan to sell EU gas transit stakes binding

p>Italy's dominant gas supplier Eni will have to go through with commitments to sell all its stakes in three European gas transit pipelines to settle an EU antitrust probe after the European Commission made the commitments binding Wednesday. State-controlled Eni offered in ...

Europe: Russia's ESPO crude trades above $1/b over Dubai for first time

p>Strong buying interest for East Siberian Pipeline Oil (ESPO) have led to spot cargoes for the Russian grade trading at premiums of more than $1/barrel over front-month Dubai assessments for the first time, traders said Wednesday. The price surprised some traders. "It doesn't ...

China: PetroChina Fushun Petchem to halt LPG supply early Oct on maintenance

p>PetroChina Fushun Petrochemical arranged to shut down a 1.5-mil-mt/yr residue fluid catalytic cracker and a gas separating unit for maintenance on Oct 5, expected to last 50 and 30 days, respectively, a refinery source revealed, adding the refinery would have no LPG to supply ...

China: Sinopec Guangzhou Petchem sets Oct crude throughput target flat at 1-mil mt

p>Sinopec Guangzhou Petrochemical is scheduled to refine 1-mil mt of crude oil in October, flat from one month ago, a refinery source told said. The source also revealed the maintenance plan for December was still pending a final decision and the Guangzhou 2010 Asian Games wouldn...

China: S. China commercial fuel oil inventory builds slightly to 1.58-mil mt

p>Commercial fuel oil inventories of major oil terminals in South China totaled 1.57-1.59-mil mt up till Sep 29, slightly up 10,000mt from two weeks ago, 18% higher than the same period last year, a survey found. The volume accounted for 60% of the total storage capacity of the ...

China: Shandong independent refineries shake off negative refining margins of SRFO

Independent refineries in Shandong Province refining straight-run fuel oil got rid of negative refining margins for the first time in 17 months on surges in gasoil prices, a survey found. Based on Wednesday's prices of spot M100 fuel oil in Shandong market, local refineries' ...
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